President Joko ‘Jokowi’ Widodo claimed that PT INALUM, the holding company for state miners, has succeeded in acquiring shares of PT Freeport Indonesia so that Indonesia controls 51% shares in Grasberg, one of the world’s largest gold and copper mines. Rio Tinto Ltd, whose interest will be taken over by INALUM, however, said it has only signed a non-binding agreement. To subscribe please click here